https://www.taxtmi.com/caselaws?id=233639 The Tribunal held that goodwill is an asset eligible for depreciation, allowing the assessee's claim. Regarding disallowance under Section 14A, the Tribunal vacated the CIT(A)'s findings and remitted the matter to the AO to compute the disallowance on a reasonable basis. For disallowance under Section 145A, the Tribunal set aside the order and directed a fresh decision by the AO in line with relevant judgments and statutory provisions. The judgments maintained consistency in addressing issues across different assessment years and assessees, ensuring uniform application of legal principles. en-us Tue, 09 Apr 2013 00:00:00 +0530 Tue, 11 Jul 2023 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233639 The Tribunal held that goodwill is an asset eligible for depreciation, allowing the assessee's claim. Regarding disallowance under Section 14A, the Tribunal vacated the CIT(A)'s findings and remitted the matter to the AO to compute the disallowance on a reasonable basis. For disallowance under Section 145A, the Tribunal set aside the order and directed a fresh decision by the AO in line with relevant judgments and statutory provisions. The judgments maintained consistency in addressing issues across different assessment years and assessees, ensuring uniform application of legal principles. Case-Laws Income Tax Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233639